President Benefits From His Tax Cut

http://www.washingtonpost.com/wp-dyn/articles/A9514-2004Apr13.html

(edited to add these snippets)

By Jonathan Weisman
Washington Post Staff Writer
Wednesday, April 14, 2004; Page A04

Last year's tax cut proved to be a significant windfall for its main architect and political instigator, saving President Bush tens of thousands of dollars on his 2003 return.

~snip~

Bush and first lady Laura W. Bush had income totaling $822,126, down 4 percent from the $856,058 they reported last year, according to tax forms released yesterday by the White House. But the president's taxes fell much more. His federal income tax payment last year dropped $41,229, or 15 percent, from the 2002 level of $268,719.

In all, the tax cut Bush signed into law last summer saved him and his wife $30,858, according to Robert McIntyre, executive director of the labor-backed Citizens for Tax Justice.

Vice President Cheney and his wife, Lynne V. Cheney, reported income of $1,273,334, up $102,965, or nearly 9 percent, from 2002. Their tax burden dropped sharply, to $253,067 from $341,114, a decline of more than $88,000. Although the Cheneys were easily in the top tax bracket of 35 percent, their effective tax rate fell from 29 percent in 2002 to 20 percent in 2003.

~snip~

Unfortunately, I can only post four paragraphs.

I'm not surprised at all, yet I am fucking stupefied.

I can't get WP stuff with my browser. Thanks!

Can only post four paragraphs. Hopefully you can find a way to read the whole article.

He got a huge sum from Halliburton last year, too.

I don't give a shit if people get rich. I give a shit if they do it so blatantly arrogantly, or illegally, or by cronyism & government handouts & these sorts of tax cuts.

I loathe the Bush Administration.